Danish company invests one billion euros in a hydrogen power plant in Suriname | Currently

Danish company invests one billion euros in a hydrogen power plant in Suriname |  Currently

The Danish Hybrid Power System Group (HPSG) will invest $ 1.2 billion (more than 1 billion euros) in building a large hydrogen power plant in Suriname. The expectation is that this project will create at least six hundred jobs for Suriname, and it was evident on Saturday at a press conference at the Ministry of Foreign Affairs in Paramaribo.

Much energy is needed to run the hydrogen power plant. Therefore, the Danish company began building a 100-megawatt solar and wind power plant on an old farm in the Komyoyeni district in eastern Suriname. According to HPSG manager Penny Falk, this is an ideal location due to the space and the low land prices. The nearby river and ocean are relatively easy to transport hydrogen.

For Suriname, a positive side effect is that the country will acquire an additional power plant that can save 100 megawatts, also in light of the other large investments expected by the former Dutch colony. International Business and International Cooperation Minister Albert Ramden (BIBIS) has expressed his strong satisfaction with this transaction. It is the first agreement concluded by Suriname within the framework of the so-called foreign direct investment policy.

HPSG is a company that has been developing hydrogen energy complexes for about seven years. The company par excellence considers Suriname as a country that could become a leader in hydrogen.

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